TradeCityPro | ATOMUSDT Ready for a Sharp Drop!

👋 Welcome to TradeCityPro Channel!

Let’s analyze ATOM (Cosmos) — one of the older and more established coins in the market. Personally, I’ve been holding and staking this one for quite a while.

🌐 Overview of Bitcoin
Before we begin, let me remind you that we’ve moved the Bitcoin analysis section to a separate daily report at your request, so we can go into more detail about Bitcoin’s condition, price action, and dominance:

📊 Higher Time Frames

On the higher time frames, ATOM has been ranging for a long period of time and interestingly, it has even formed a smaller range inside its main range.

Currently, it’s oscillating near the bottom support of that larger range, showing weakness.

🕓 4H Time Frame

In the 4-hour chart, the price remains stuck inside a range between $4.002 and $4.310.

However, this time it has been rejected from the midline, which increases the likelihood of losing the lower support.

📉 Short Position Setup

If the price breaks below $4.002 with increasing volume and momentum, opening a short position would be completely logical and I’ll personally be taking that short setup as well.

📈 Long Position Setup

For a long position, patience is key.

Other coins like MNT, HYPE, and AVAX currently show stronger bullish potential, but if ATOM breaks above $4.310 and starts forming higher highs and higher lows, we can then begin to shift our bias to bullish.

📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

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